About Commercial Real Estate Mortgage Loans by CALVIN The Mortgage Calculator AI

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Commercial Real Estate Loan Programs

Commercial Real Estate Loan Highlights

Unlock the Potential of Your Commercial Property with Flexible Financing: Explore Commercial Real Estate Loans Today!
Unlock the Potential of Your Commercial Property with Flexible Financing: Explore Commercial Real Estate Loans Today!
Commercial real estate loans are typically used to finance the purchase or development of commercial properties such as office buildings, shopping centers, hotels, and industrial properties. Some of the highlights of commercial real estate loans include:

Large loan amounts: Commercial real estate loans typically involve large loan amounts, as commercial properties tend to be expensive.
Longer loan terms: Commercial real estate loans often have longer loan terms than other types of loans, ranging from 5 to 30 years.
Lower interest rates: Commercial real estate loans usually have lower interest rates than other types of loans because they are secured by the property itself.
Amortization: Commercial real estate loans are usually amortized over the loan term, which means that the borrower makes regular payments that include both principal and interest.
Balloon payments: Some commercial real estate loans require a balloon payment at the end of the loan term, which is a large lump sum payment that is due at the end of the loan term.
Collateral: Commercial real estate loans are secured by the property being financed, which means that the lender can seize the property if the borrower defaults on the loan.
Recourse vs non-recourse: Commercial real estate loans can be either recourse or non-recourse. Recourse loans allow the lender to pursue the borrower's personal assets in addition to the property if the borrower defaults on the loan, while non-recourse loans only allow the lender to seize the property itself.
Prepayment penalties: Some commercial real estate loans have prepayment penalties, which are fees that the borrower must pay if they pay off the loan early.

Overall, commercial real estate loans offer a way for businesses and investors to finance the purchase or development of commercial properties, and can offer attractive interest rates and longer loan terms than other types of loans.

The principal and interest payment on a $400,000 30-year Fixed-Rate Loan at 7.125% and 80% loan-to-value (LTV) and 760 credit score is $2,695. The Annual Percentage Rate (APR) is 7.350% with estimated finance charge of $9,000. The principal and interest payments, which will continue for 360 months until paid in full, does not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 11/2/2023. Subject to borrower approval. Disclosure: All lending products are subject to credit & property approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions & limitations apply.

The Mortgage Calculator is a registered DBA of Mortgage Calculator Company LLC. NMLS ID #2377459. Programs and rates are subject to change without notice. Mortgage Calculator Company LLC is licensed in the following states that require specific licensing disclosures: AZ (#1040352), CA CFL (60DBO-171188), GA Georgia Residential Mortgage Licensee (#2377459), IL MB.6761755 Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601 1-888-473-4858. Not licensed or conducting business in New York.

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